Tea Drinks - China - April 2016

The ready-to-drink tea drinks market in China has developed slowly over recent years. Intense competition from other soft drink categories and the decline in demand for green and black/red tea drinks, and lack of product innovation have all led to the poor performance of the current market. Despite the pressure, future growth is projected due to the continuing progress of premiumisation and trading up, innovation in flavours and ingredients, and effective consumer segmentation and targeting.

The South America Wine market is valued at 5713.74 million USD in 2016 and is expected to reach 7564.72 million USD by the end of 2022 growing at a CAGR of 4.79% between 2016 and 2022. The major players in South America market include FeCoVitA Grupo Penaflor RPB S.A. Bodegas Esmeralda Concha y Toro